Beverages maker Heineken Romania will relocate its HQ in a new building under development in northern Bucharest. 

Żabka Group is now the largest chain of autonomous stores in Europe after launching 25 AI-powered stores called Żabka Nano. The concept enables quick shopping without checkout clerks, queues, or cash to sell products precisely matched to location and customer demographics. The stores operate in several formats such as standalone container-based vending machines, traditional brick-and-mortar and store-within-a-store points of sale; each leveraging AI-powered computer vision technology created through close cooperation with American technology company AiFi.

Developer J&T Real Estate (JTRE) has completed the almost three-year construction of Bratislava’s tallest residential building and the Klingerka project has been issued a usage permit.

Speedwell and Baltisse have sold Record Park Offices in Cluj-Napoca to Belgian AYA Properties Fund in a deal worth €35 million. 

Warehouse developer operating on the Polish market, MDC2 has reached an agreement with Fortress REIT Limited – South Africa’s largest owner and developer of logistics real estate. 

Tétris Romania, the subsidiary of real estate consultancy JLL, has appointed Vlad Stanislav as Managing Director, tasked with developing the local operations. The company offers design solutions for offices, homes or hotels. 

Ukrainian real estate market players, representing cities, companies and projects, will gather for the fifth time in a row under the “Ukraine @ MIPIM” initiative. Ukraine has been represented at MIPIM for over 15 years.

The growing interest in domestic tourism is conducive to the development of accommodation facilities in resorts. Interesting city hotels are also opening. The current year should bring stabilisation in the hotel industry as more countries move from treating COVID as an endemic rather than a pandemic, says Walter Herz. 

Bogdan Doicescu, Development Director and Executive Board Member at Bog’Art, spoke with Property Forum about the company’s construction pipeline and the outlook of the real estate market in Romania going into 2022.

The European Central Bank has highlighted growing vulnerabilities in housing markets and stretched financial asset valuations in its Financial Stability Review for November 2021. The ECB has also warned of an increased likelihood of a correction in both residential and commercial real estate markets.